www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

PBOC pledges to increase liquidity supply

(Agencies) Updated: 2012-04-19 10:14

BEIJING - China will increase liquidity via open market operations and cutting banks' required reserves to steer the economy towards a soft landing, the official Xinhua news agency quoted an unnamed central bank official as saying late on Wednesday.

The People's Bank of China will "increase reverse repo operations and cut the reserve requirement ratio at an appropriate time ... to release liquidity," the official was quoted as saying in an interview with the state news agency.

"We will take comprehensive and effective measures to make pre-emptive policy adjustment at appropriate time and pace so as to guide steady and appropriate growth in money and credit supply, to keep banking system liquidity at a reasonable level and to support stable and relatively fast economic growth," the official said.

The remarks - consistent with the easing policy bias that has been in place since autumn 2011 when Premier Wen Jiabao unveiled his "fine-tuning" campaign to support growth - came after China's bank lending surged in March to 1.01 trillion yuan ($160 billion), the biggest credit extension since January 2011.

Broad M2 money supply also rose to a three-month high of 13.4 percent in March from a year earlier, ahead of forecasts for 12.9 percent growth and following February's 13 percent expansion, data from the central bank showed last week.

The stronger-than-expected credit data has led some analysts to question whether the PBOC might slow the pace of easing, given that existing measures appear to have gained traction.

Economists polled by Reuters last month said they expected 150 basis points of RRR cuts for the remainder of this year, with two cuts of 50 bps in the second quarter and one in Q3.

The unnamed central bank official also told Xinhua that almost 800 billion yuan of liquidity will be unlocked in the second quarter and liquidity supply will remain sufficient.

Analysts estimate that about 400 billion yuan of liquidity is released into China's financial system with every 50 bps cut in RRR.

The interview with Xinhua did not mention any outright cut in interest rates, in line with the market consensus in the Reuters poll that such a move is unlikely.

Meanwhile, the central bank would support the financing demand of the central government's key investment projects, affordable housing construction as well as mortgage loans for people buying their first homes for self use, the official said.

The central bank would also create easier and more diversified channels to meet funding demand from small companies, such as allowing them to issue bonds, the official said.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 美女视频黄a视频免费全程 美女视频黄a视频免费全过程 | 精品爱爱 | 亚在线| 国产在线更新 | 最近免费手机中文字幕3 | 国产成年人网站 | 国产黄色大片网站 | 久久精品国产精品亚洲 | 国产午夜精品理论片免费观看 | 成人国产精品视频频 | 在线日韩欧美一区二区三区 | 久久黄色影片 | 亚洲免费成人在线 | 欧美上床视频 | 福利云 | 大片毛片| 欧美一级大尺度毛片 | 在线观看一区二区三区四区 | 亚洲一区国产 | 国产精品美女一级在线观看 | 国产午夜精品不卡观看 | 一道精品视频一区二区三区图片 | 狠狠色综合网站久久久久久久 | 狠狠色狠狠色综合日日32 | 国产精品成人不卡在线观看 | 精品无人区一区二区三区a 精品午夜国产在线观看不卡 | 中文字幕有码在线观看 | 日本成人在线免费观看 | 国产网曝手机视频在线观看 | 欧美牛逼aa | 国产精品久久久久久 | 国产天堂亚洲精品 | 成人免费视频网站 | a毛片免费全部在线播放毛 a毛片免费视频 | 欧美一级二级毛片视频 | 亚洲国产欧美自拍 | 国产亚洲欧美在线视频 | 国产精品日韩一区二区三区 | 在线观看亚洲人成网站 | 亚洲欧美高清视频 | 一级成人毛片免费观看 |